HSBC vs WAL: Which Is the Better Dividend Stock?
As of September 2026, WAL (Western Alliance Bancorporation) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. HSBC offers the higher yield at 3.74%, WAL has the higher dividend-safety score, and WAL trades at the larger discount to fair value (+87%).
| Metric | HSBC | WAL |
|---|---|---|
| Forward yield | 3.74% | 2.22% |
| Annual dividend | $3.75 | $1.68 |
| Payout ratio | 54% | 19% |
| Years of growth | 0 yr | 5 yr |
| 5-yr dividend growth | -13.8% | 9.3% |
| 5-yr total return | 239% | -32% |
| Dividend safety score | 72 (B) | 80 (A) |
| Fair value estimate | $138.49 | $147.05 |
| Upside to fair value | +36% | +87% |
| Frequency | quarterly | quarterly |
| Market cap | $343.1B | $8.3B |
| P/E ratio | 14.3 | 8.6 |
Higher yield
HSBC
3.74%
Safer dividend
WAL
Grade A
Faster growth
WAL
9.3%
Better value
WAL
+87% upside
HSBC vs WAL — FAQ
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